The new market

From March to middle of October, you could buy dips and be assured of being bailed out because the dips were brief and market kept going up.

Only problem is  that stocks have gone up so much and are overvalued.   The value investors, insiders, secondary offerings, IPOs, and private equity guys are all dumping size into the market at every opportunity.  Momentum cannot overcome that, especially in a fragile market like this one.

We are going to have a rough November because all the indicators are flashing red, and investors are still conditioned to buy dips and hope that things pop back up.  Market ain't that easy.  When everyone knows the drill, market mixes things back up to screw the majority.

Buying dips will be treacherous, and only extremely good buy set ups should be taken.  I will be aggressive on the short side going forward.